SG Micro (300661) H1 2024 earnings summary

Executive summary

• Achieved revenue of ¥1.58 billion for H1 2024, up 37.27% year-over-year, driven by market recovery and increased sales volume.

• Net profit attributable to shareholders reached ¥178.65 million, a 99.31% increase year-over-year.

• Maintained strong R&D investment, with R&D expenses accounting for 26.49% of revenue and 1,085 R&D staff, 73.06% of total employees.

• Expanded product portfolio with new automotive-grade and high-performance analog ICs.

Financial highlights

• Operating income: ¥1,576.43 million, up 37.27% year-over-year.

• Net profit attributable to shareholders: ¥178.65 million, up 99.31% year-over-year.

• Operating cash flow: ¥314.79 million, compared to -¥39.64 million in H1 2023.

• Basic EPS: ¥0.3801, up 97.76% year-over-year.

• Gross margin: 52.33%, up 0.82 percentage points year-over-year.

Outlook and guidance

• Continues to invest in industrial and automotive electronics, new markets, and supply chain optimization.

• Expects ongoing market volatility but aims for stable growth through innovation and cost control.